Longview, WA - Latest New Home Sales Stay Steady
Posted on: May 07, 2012 09:25:06 AM
Sales of new homes in the Longview, WA market saw no change year-over-year in February, staying flat after advancing year-over-year in January from the year earlier. Sales remained level at none from a year earlier after the figure moved from none in January 2011 to one in January 2012.
A total of 17 new homes were sold during the 12 months that ended in February, equal to the number of new homes sold for the year that ended in January.
For new and existing homes, sales fell in February after also declining in January year-over-year.
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Other Market Trends
Foreclosures and real estate owned (REO) sales remained a drag on the market. Combined, foreclosures plus REO sales represented 64.2% of existing home sales. In February 2011, they accounted for 73.3%. The percentage of existing home sales involving foreclosures slid to 26.9% in February from 38.9% a year earlier while REO sales as a percentage of existing home sales rose to 37.3% from 34.4%.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in this market area.
Longview, WA - Latest New Home Sales Stay Steady
Posted on: May 07, 2012 09:25:06 AM
Sales of new homes in the Longview, WA market saw no change year-over-year in February, staying flat after advancing year-over-year in January from the year earlier. Sales remained level at none from a year earlier after the figure moved from none in January 2011 to one in January 2012.
A total of 17 new homes were sold during the 12 months that ended in February, equal to the number of new homes sold for the year that ended in January.
For new and existing homes, sales fell in February after also declining in January year-over-year.
Other Market Trends
Foreclosures and real estate owned (REO) sales remained a drag on the market. Combined, foreclosures plus REO sales represented 64.2% of existing home sales. In February 2011, they accounted for 73.3%. The percentage of existing home sales involving foreclosures slid to 26.9% in February from 38.9% a year earlier while REO sales as a percentage of existing home sales rose to 37.3% from 34.4%.
Please refer to the ABOUT THIS MSA tab to learn more about geographic coverage and data availability in this market area.
Source: Housing Intelligence